New Fixed Deposit Interest Rates Of Bandhan Bank
After raising it by 20 basis points, Bandhan Bank announced that it is now offering Fixed Deposit (FD) interest rates of up to 7.95% for terms of two to less than three years. Senior citizen clients are eligible for the bank’s highest interest rate of 7.95%. The other clients will receive 7.45% during the same FD tenure.
Additionally, the Bank is providing senior citizens with longer-term fixed deposits with an alluring interest rate of 7.75% for terms shorter than five years. For the same term deposits, others will receive one of the best FD interest rates in the banking sector—7.25%.
Additionally, Bandhan Bank offers a 6.5% interest rate on savings account balances between Rs. 5 lakh and Rs. 10 lakh.
The FD interest rate and tenure details are as follows:
| Maturity Bucket | Int. Rate for Non-Senior Citizens | Int. Rate for Senior Citizens |
| 7 days to 14 days | 2.95% | 3.70% |
| 15 days to 30 days | 2.95% | 3.70% |
| 31 days to less than 2 months | 3.45% | 4.20% |
| 2 months to less than 3 months | 4.20% | 4.95% |
| 3 months to less than 6 months | 4.20% | 4.95% |
| 6 months to less than 1 year | 4.20% | 4.95% |
| 1 year | 7.00% | 7.50% |
| 1 year 1 day to 1 year 9 months | 7.00% | 7.50% |
| 1 year 9 months 1 day to less than 2 years | 7.00% | 7.50% |
| 2 years to less than 3 years | 7.45% | 7.95% |
| 3 years to less than 5 years | 7.25% | 7.75% |
| 5 years to up to 10 years | 5.85% | 6.60% |
| Tax Saver Fixed Deposit | 6.25% | 7.25% |
Through retail internet banking or the mBandhan mobile application, Bandhan Bank customers can take advantage of the advantages of booking or investing in FD from the comfort of their homes or offices. Customers can quickly and easily book the FDs using this online process in a matter of minutes.
Priyanka Dutta